"I have what I said in my 13-D. I don't have anything definite," he said. "Obviously, I think the company is worth a lot more than what it sells for."

Icahn called Netflix "a great platform" and noted the high barriers to entry for potential competitors, such as Amazon.

"To begin with, I'm not sure you can build the business that easily. It's not like you build a widget factory and you start making widgets," he said, noting that the company enjoyed a strong subscription base. "I just don't think you can buy that. You walk in facing in 27 million subscribers."

Smart TVs would be another area for growth, he said, and that would benefit Netflix.

The "fiscal cliff," which would trigger automatic federal spending cuts and see the expiration of the Bush tax cuts weren't "a binary thing," Icahn also said.

"If there's going to be a deal made, it's still going to take a big bite out of spending and the GDP," he said.

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